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Jyothy Labs shares declined sharply after news that its Pril and Fa licensing agreements with Henkel will end in 2026, raising concerns about revenue disruption and growth slowdown. The company is now shifting focus toward owned brands like Exo and Margo, with investors closely watching how well it navigates the transition period.

The global energy market is entering a more dangerous phase as the oil crisis evolves into a physical fuel supply crunch. Saudi Aramco has warned that gasoline and jet fuel inventories could reach critically low levels if disruptions in the Strait of Hormuz continue, raising risks of inflation, transportation disruption, and economic stress for oil-importing nations including India.

Indian IT stocks witnessed selling pressure after OpenAI’s new deployment-focused initiative raised fears that AI companies may increasingly move into enterprise consulting, workflow redesign, and transformation services — areas traditionally dominated by firms like TCS, Infosys, and HCLTech. Investors worry that generative AI could disrupt the labor-intensive outsourcing model by reducing project sizes, compressing billing rates, and automating software development workflows, forcing the Indian IT industry into a major structural transition.

Indian equity markets corrected sharply as investors reacted to rising oil prices, a weakening rupee, and fears of tighter forex conservation policies. The selloff highlighted growing concerns over slowing consumption growth, inflation pressures, and India’s external vulnerabilities, while sectors linked to EVs, renewables, and localisation emerged as long-term structural winners.

Asian equities ended Friday on a cautious note after renewed US-Iran hostilities in the Strait of Hormuz reignited oil supply fears. Brent crude climbed back above $101, raising concerns for India’s inflation, current account deficit, and rupee stability. China’s markets remained resilient with a fifth straight weekly gain driven by AI and semiconductor stocks, while Hong Kong posted its strongest growth in nearly five years. Japan’s automakers faced mounting tariff pressure as Toyota’s profit plunged 49%, highlighting broader stress across Asian manufacturing.

The Indian rupee has slipped to an all-time low against the US dollar as rising crude oil prices and geopolitical tensions in West Asia shake global markets. With inflation risks mounting and the RBI stepping in to stabilize the currency, analysts warn the rupee could remain under pressure in the months ahead.

ONGC shares rallied after the government announced major cuts in royalty rates for crude oil and natural gas production. The move is expected to improve profitability, cash flows, dividend sustainability, and exploration economics for upstream energy companies. Analysts believe the policy shift could trigger a long-term rerating in ONGC stock if crude prices remain supportive.

Vodafone Idea shares dropped more than 3% after gaining nearly 9% from intraday lows, as lack of clarity on restructuring and funding plans triggered profit booking and renewed concerns over the company’s financial stability and 5G competitiveness.

Groww shares have corrected sharply following a massive block deal and post-IPO lock-in expiry fears. However, the decline appears largely technical, while the company continues to report strong revenue growth, rising market share, and a significant profitability turnaround.

At the CII Annual Business Summit 2026, Uday Kotak cautioned that India has not yet fully felt the impact of global oil price shocks. He warned that rising geopolitical tensions could push crude prices higher, fueling inflation, weakening the rupee, and increasing pressure on household budgets and the broader economy.